US Politics & Business News
Europe’s largest airline group, Lufthansa, is sounding the alarm over soaring jet fuel costs that now threaten its full-year financial performance. Jet fuel prices have roughly doubled since US-Israel strikes on Iran began on February 28, with kerosene trading at approximately $160 per barrel, up around 77% year-on-year. Lufthansa Group has cut its 2026 earnings…
The U.S. military completed a new wave of strikes Tuesday on targets in Iran as the conflict in the region stretches into its seventh month. U.S. Central Command announced strikes on Islamic Revolutionary Guard Corps targets including air defense sites, radar systems, maritime assets, mine laying capabilities, and communications sites. One U.S. strike hit a…
AST SpaceMobile (ASTS) shares slid 6% on Tuesday, closing at $55.80, their lowest level in more than a month amid broader market pressure. Despite the sell-off, a newly disclosed insider purchase signaled a potential vote of confidence from within the company’s own boardroom. Director Adriana Cisneros disclosed open-market purchases totaling 10,822 shares worth approximately $619,200,…
Dell Technologies (DELL) delivered a record-breaking second quarter, with revenue hitting $47 billion and far surpassing analyst expectations of $44.92 billion. Earnings per share came in at $6.34, representing a stunning 273% increase compared to the same period a year ago, signaling explosive growth driven by artificial intelligence demand. Adjusted earnings per share of $7.04…
The jury in the Lindsay Clancy murder trial has informed Judge William Sullivan that it cannot reach a unanimous verdict, throwing the high-profile case into uncertainty. Judge Sullivan responded by urging jurors to continue reviewing the facts of the case and sent them back to deliberate further. If the jury foreperson returns again with another…
Rigetti Computing (RGTI) is deepening its commercial and government reach as it pushes forward on its superconducting quantum computing roadmap toward quantum advantage. The company recently expanded its partnership with Hewlett Packard Enterprise (HPE) and the Pittsburgh Supercomputing Center by supplying a full 9-qubit Novera system for the NSF-funded TangleLab testbed. Researchers at TangleLab will…
Wall Street analysts are increasingly focused on the 10-year Treasury yield as it edges closer to levels historically associated with broad market stress. The widely watched tipping point, according to many analysts, sits around the 4.5% level for the 10-year Treasury yield. HSBC strategists have issued a stark warning about current conditions, describing the situation…
Treasury Secretary Scott Bessent delivered sharp criticism of American socialism supporters, dismissing them in blunt terms that are likely to ignite political debate. Bessent argued that those who embrace socialist ideas in the United States fit a very specific and unflattering profile that he outlined plainly. “When you talk about socialism here in the U.S.,…
Rocket Lab (NASDAQ: RKLB) trades at $63.92, a level that sits well below its 52-week high of $151, representing a peak-to-current drawdown exceeding 57%. Despite the steep decline, Wall Street analysts have not retreated, with consensus price targets implying roughly 77% upside from current trading levels. KeyBanc carries the Street-high target at $135.00, implying approximately…
GE Aerospace (GE) has pulled back roughly 10% from its recent high, raising a familiar question for investors weighing quality against timing. The company is sitting on a commercial services backlog of approximately $170 billion, representing a substantial runway for future revenue generation and cash flow. Management has been candid that the core operational challenge…